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Convex finance (CVX)

$ 2.539000000000000000

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Description

What is Convex Finance crypto currency? Convex Finance (CVX) is a new decentralized, open-source platform for decentralized finance (DeFi) services. It is designed to enable users to securely and reliably borrow, lend and invest in cryptocurrencies, tokens and stable coins. The platform is built on Ethereum and is governed by a smart contract. It has been funded by leading venture capital firms, including Pantera Capital, Polychain Capital and True Global Ventures. Who founded it? Convex Finance was founded by a team of blockchain and finance professionals, including Igor Glažar, who previously co-founded crypto-investment platform Polychain Capital and founded crypto hedge fund 0xFT. The team also includes renowned Bitcoin investor and blockchain technologist Balaji S. Srinivasan, as well as prominent Ethereum developer Vlad Zamfir, who is also one of the creators of Casper, Ethereum's next-generation public blockchain. What Makes it Unique? Convex Finance stands out from other decentralized finance (DeFi) platforms in the way it operates. Rather than using a traditional trust-based system to manage loan contracts, Convex Finance uses a new consensus-driven model. This means that the terms of loan contracts are validated and enforced by the network of nodes on the network, rather than through a third party. This new system also allows for additional features, such as unsecured loans and automated borrowing. Where does it used? Convex Finance will be used by lenders, borrowers, and investors to securely and reliably borrow, lend and invest in cryptocurrencies, tokens and stable coins. With its advanced smart contracts, the platform can be used to issue and manage various kinds of loan contracts, and support a wide range of DeFi services. Where to buy/sell it? Convex Finance can be bought and sold on a variety of leading cryptocurrency exchanges, including KuCoin, Gate.io, and Uniswap. As the platform is still relatively new, it is important to research and compare different exchanges to find the best price for the token.